Page 1

EX - 99.1 2 rmbs - ex991_2021630xer.htm EX - 99.1 Rambus RAMBUS REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS Exceeded Q2 guidance for revenue and profitability Generated $ 51.6 million in cash provided by operating activities Initiated $ 100 million accelerated share repurchase program Accelerated data center solution roadmap with CXL Memory Interconnect Initiative Announced the acquisitions of AnalogX and PLDA SAN JOSE , Calif . - August 2 , 2021 - Rambus Inc. ( NASDAQ : RMBS ) , a provider of industry - leading chips and IP making data faster and safer , today reported financial results for the second quarter ended June 30 , 2021. GAAP revenue for the second quarter was $ 84.9 million ; licensing billings were $ 65.2 million , product revenue was $ 31.2 million , and contract and other revenue was $ 11.8 million . The Company also generated $ 51.6 million in cash provided by operating activities . Quarterly Financial Review - GAAP ( In millions , except for percentages and per share amounts ) " Rambus had an exciting second quarter , making a number of strategic advancements to capture the next wave of semiconductor growth focused on next - generation data center architectures , and exceeding financial guidance for the top and bottom line , " said Luc Seraphin , chief executive officer of Rambus . “ Product revenue from memory interface chips remains strong , and we had record revenue from security and digital controller IP . The Company continues to scale , putting us in a great position for long - term profitable growth . " Revenue Product revenue Royalties Contract and other Total revenue Cost of product revenue Cost of contract and other revenue Amortization of acquired intangible assets ( included in total cost of revenue ) Total operating expenses Operating income ( loss ) Operating margin Net income ( loss ) Diluted net income ( loss ) per share Net cash provided by operating activities ( 1 ) $ A LA LA LA $ 2021 News Release Three Months Ended June 30 , 31.2 41.9 11.8 84.9 11.4 1.0 4.5 53.9 14.1 17 % 11.2 0.10 51.6 Exhibit 99.1 $ $ $ $ $ 2020 31.7 18.7 11.3 61.7 10.3 1.5 4.3 56.7 ( 11.1 ) ( 18 ) % ( 9.1 ) ( 0.08 ) 62.0 ( 1 ) Includes amortization of acquired intangible assets of approximately $ 0.2 million for each of the three months ended June 30 , 2021 and 2020 .